Shrew stands for SHopping REWards, an ecosystem that will aim to simplify and connect stores from all over the world. In the process, we will create a network that will allow anyone, around the globe to seamlessly earn, store and spend SHREW at any store. Opening up possibilities for both the stores and the consumer.
A single app where users earn and spend points at multiple stores and trade these points with others over blockchain. The SHREW token will be the single currency linking each reward program across a multitude of stores and will thus have deep utility and value.
The Shrew rewards platform will integrate a number of core components to deliver a seamless experience to both merchants and customers. The components of the platform are listed below:
Application – A Shrew application for iOS and Android which will allow customers to track, earn, spend and send SHREW right from their phone
Merchant portal – A portal for merchants to purchase and manage their Shrew loyalty rewards program
SHREW Token – the universal loyalty rewards token. Fungible and exchangeable into any fiat or other cryptocurrency via exchange listing
Partnerships – partnership with payment service providers (including card issuers Visa or Mastercard) to provide an e-wallet. E-wallet app and debit card to customers so they can easily earn SHREW without the need for many loyalty rewards cards. Shrew have already signed with Chainlink to incorporate their industry leading price feed Oracle into the platform.
The SHREW token is the native token of the Shrew ecosystem and is the universal rewards token which offers the following benefits over traditional loyalty programs:
Secure – Powered by next-generation blockchain technology with a distributed ledger which ensures that consensus algorithms, and not corporations, enforce security
Fungible – A cryptocurrency is essentially just like a traditional currency in that it can be exchanged for other fiat and cryptocurrencies
Accessible - Easily access the token balances and earn, spend and trade the SHREW coin on the application or your own crypto wallet
Seamless – One universal token replaces all of your various reward points and eliminated the plastic rewards points cards.